Keppel Singmarine bags S$265m contract to build ice-class vessel
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
KEPPEL Offshore & Marine's wholly-owned subsidiary, Keppel Singmarine, has clinched a contract worth S$265 million to build New Orient Marine's first ice-class multi-purpose vessel.
New Orient Marine is the subsidiary of Luxembourg-based Maritime Construction Services SA.
Vessels with an ice class have a strengthened hull to enable them to navigate through sea ice.
Designed to operate in ambient temperature as low as minus 30 degree Celsius, this vessel will have an 'Ice Class Arc 5' notation and capabilities such as 'Class 3' dynamic positioning and diving support functions.
To date, Keppel Singmarine has built seven ice-class vessels for the Arctic and Caspian regions. In addition to the contract from Maritime Construction Services, its orderbook currently stands at four ice-class vessels.
On Thursday, Keppel Corporation's shares closed unchanged at S$8.10.
Copyright SPH Media. All rights reserved.
TRENDING NOW
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
Singaporeans can now buy record amount of yen per Singdollar
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Keppel DC Reit posts 13.2% higher Q1 DPU of S$0.02833 on strong portfolio performance
